The first step is obtaining a mortgage "Agreement in Principle" (AIP). An AIP pre-approves you for a loan amount, so you know your maximum budget when viewing homes. To get an AIP, you’ll need to provide recent bank statements, proof of income, credit reports, and details on existing debts. This gives lender an overview of your financial situation to determine what you can afford to borrow.

In addition to being pre-approved, you need cash savings ready for a deposit. Aim to save at least 5-10% of the property price. The more you put down, the better the mortgage rates and lower loan amount. Check if you qualify for Government funded scheme or other first-time buyer schemes. Family gifts can also offer a welcome boost.

Once you have an AIP, start viewing homes within your budget. Consider aspects like location, size, number of bedrooms/bathrooms and transport links. Check flood risk areas. Get a professional property survey done to uncover any issues not found during a regular viewing. Thoroughly research neighbourhoods and market pricing so you negotiate effectively

There are two main mortgage types to understand: fixed-rate and tracker rate. Fixed-rate mortgages have consistent monthly payments for an initial period whereas tracker rates fluctuate based on the Bank of England base rate. Watch out for arrangement fees, valuation fees, solicitors fees and stamp duty tax when budgeting overall costs.